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2 years ago

The price of one nation's currency expressed in terms of another nation's currency is called

1 answer:

4 0

It is called exchange rate. An exchange rate accordingly has two segments, the local money, and a remote cash, and can be cited either specifically or by implication. In an immediate citation, the cost of a unit of outside money is communicated as far as the local cash.

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Core Corporation reported current earnings and profits of $250,000. It distributed a buildingwith an adjusted basis to Core of $

Svet_ta [14]

Answer:

B. $140,000

Explanation:

An adjusted basis refers to the total cost of acquiring an asset. In include transportation, installing, commissions, and all other relevant fees. The fair market value represents the price an asset can fetch if sold in the market. It is the amount that a company will receive if it were to dispose of an asset in the market.

Shareholders will be the fair market value adjusted for the mortgage balance.

=$ 230,000 - $ 90,000

=$140,000

8 0

3 years ago

What involves preparing financial reports that provide information about the business's performance to external parties such as

lilavasa [31]

Answer: Financial Accounting

Explanation:

Financial accounting is the process of preparing financial reports which possesses the information for investors, creditors, employees and all the stakeholders of the company.

4 0

3 years ago

A neon oil corporation tanker spilled oil in the ocean around australia. as a result of this accident, the share price of this s

Aleks04 [339]

Drop extensively on a bear market

4 0

3 years ago

These are selected account balances on December 31, 2015. Land (location of the office building) $100,000 Land (held for future

lara31 [8.8K]

Answer:

$1,125,000

Explanation:

The total amount of property, plant, and equipment will appear under the Non-Current Assets section of the Balance Sheet. Thus prepare the Non Current Asset Section as follows :

Non Current Asset Section

Land $100,000

Land held for future use $150,000

Office Building $700,000

Equipment $450,000

Office Furniture $150,000

Accumulated Depreciation ($425,000)

Total $1,125,000

7 0

3 years ago

Express the following comparative income statements in common-size percent. Using the common-size percentages, which item is mos

Marat540 [252]

Answer:

Cost of goods sold.

Explanation:

GOMEZ CORPORATION

Comparative Income Statements

Particulars amount (2015) % amount (2014) %

Sales $750,000 100 $695,000 100

Cost of goods sold (568,100) (75.75) (288,800) (41.55)

Gross profit 181,900 24.25 406,200 58.45

Operating expenses (128,000) (17) (272,000) (39)

Net income $53,900 7.25 $134,200 19.45

From the above calculation, we can say that the cost of goods sold decreases the net income. In this math, due to the increase in the cost of goods sold, net income declines.

3 0

3 years ago